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So many big tech cos are rely on the regulated nature of payments to dominate their market. The more regulation, the more the need for an intermediary to act as
by cblconfederate 6y ago
So many big tech cos are rely on the regulated nature of payments to dominate their market. The more regulation, the more the need for an intermediary to act as the tyrannical banker. This makes the case for crypto more obvious.
- twblalock 6y agoNo, it makes the case that crypto is so hard to use that people would rather use Patreon.
- cblconfederate 6y agoIt's hard because it's regulated to extinction.
- rglullis 6y agoOnce upon a time (still in this century!) it was so hard to have voice conversations via the internet, people were willing to pay substantial amounts of money to the phone company to reach someone on a different state.
- delfinom 6y agoRight, and to solve ease of use crypto problems we essentially made new banks (i.e. Coinbase). And we are back to step 1 of people not wanting middlemen taking cuts. But hey, keep dreaming crypto is somehow going to solve problems differently the last hundred+ years of the physical financial world, because as far as I can see, the end results are going to be the same short of implanting chips directly into people.
- rglullis 6y ago> And we are back to step 1 of people not wanting middlemen taking cuts. Working on it: https://hub20.io/architecture/#a-balanced-approach https://hub20.io/architecture/#a-balanced-approach